Downtown Crested Butte Land Sold $5.5M

Downtown Crested Butte Land Sold $5.5M – Chris Kopf, Global Luxury Property Specialist, Coldwell Banker Mountain Properties is pleased to announce Downtown Crested Butte Land Sold! Four contiguous parcels in downtown Crested Butts sold for $5,500,000. Chris represented the Seller on this transaction.

This land is the future site of the Crested Butte Hotel – the seller had spent literally years to obtain the entitlements to build an 86 Key Hotel located in Historic Downtown Crested Butte, Colorado.

Location, Location, Location…

“There is not another hotel site like this in historic downtown Crested Butte – and there never will be another prime location like this in downtown Crested Butte again – ever!”

For More information go to www.CrestedButteHotel-Land.com

Downtown Crested Butte Land Sold $5.5M Details:

The land consist of four parcels: The last large parcel of land available for development in downtown Crested Butte. The four parcels are currently zoned as B2 – Business / Highway Related. The purpose for which this District is created is to provide for orderly business development along Highway 135 (Sixth Street as it runs through town) and the Ski Area Road (Gothic Road from the Town of Crested Butte to Mt. Crested Butte), and to do so in a way compatible with safe traffic flow and the aesthetics of the Town.

The investor group who owned this property (Sixth Street Station, LLC) and Gary Hartman of Sunlit Architecture spent over a decade obtaining the entitlements and approval from the Town of Crested Butte to build The Crested Butte Hotel. Sixth Street Station, LLC decided to sell the Land and all of the entitlements they have obtained so that a new group can build the world class full service boutique hotel in downtown Crested Butte that they envisioned. The hotel development has been designed and approved in a Planned Urban Development (P.U.D.) and went through extensive revisions with BOZAR (Board of Zoning and Architectural Review) and the Crested Butte Town Council.

This Crested Butte Hotel site is rare with over 500 feet of frontage along Sixth Street, and located only two blocks from Elk Avenue and the “4-Way”, the Visitor’s Center and Crested Butte / Mt. Crested Butte Chamber of Commerce, as well as the main pick-up/drop-off point for the Mountain Express Shuttle bus.